Bharat Gears Ltd

₹ 125 -1.55%

18 Jun - close price

bharatgears.com BSE: 505688 NSE: BHARATGEAR

About

Incorporated in 1971, Bharat Gears Ltdis in the Automotive Gears business^[1]

Key Points

Business Overview:^[1]^[2]
BGL is a major supplier of automotive gears and heat treatment furnaces. It manufactures a wide range of Ring Gears and Pinions, Transmission Gears and Shafts, Differential Gears, sub assemblies for heavy, medium, light trucks, utility vehicles, tractors and off-highway vehicles, commercial vehicle and construction equipment segment

Website BSE NSE

Market Cap ₹ 193 Cr.
Current Price ₹ 125
High / Low ₹ 154 / 83.6
Stock P/E 11.7
Book Value ₹ 85.4
Dividend Yield 0.00 %
ROCE 18.2 %
ROE 13.5 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Cons

The company has delivered a poor sales growth of 9.29% over past five years.
Company has a low return on equity of -2.07% over last 3 years.
Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	179.49	170.48	179.02	142.78	170.77	166.01	164.58	142.08	174.86	179.80	204.74	189.35	210.29
	169.67	161.94	172.11	141.99	163.47	158.48	156.85	144.65	162.27	169.96	187.70	177.36	196.89
Operating Profit	9.82	8.54	6.91	0.79	7.30	7.53	7.73	-2.57	12.59	9.84	17.04	11.99	13.40
OPM %	5.47%	5.01%	3.86%	0.55%	4.27%	4.54%	4.70%	-1.81%	7.20%	5.47%	8.32%	6.33%	6.37%
	0.47	0.41	0.74	1.99	0.48	0.29	18.12	0.28	0.66	1.78	1.90	0.52	2.14
Interest	4.56	4.42	4.38	4.33	4.35	4.39	4.33	4.30	4.05	3.66	3.59	3.37	3.39
Depreciation	5.23	5.55	5.71	5.62	5.67	5.86	5.99	6.04	5.75	5.75	5.79	5.72	5.31
Profit before tax	0.50	-1.02	-2.44	-7.17	-2.24	-2.43	15.53	-12.63	3.45	2.21	9.56	3.42	6.84
Tax %	-68.00%	-25.49%	-29.10%	-23.29%	-22.32%	-25.51%	12.56%	-18.53%	50.72%	24.89%	24.37%	24.85%	25.88%
	0.84	-0.76	-1.73	-5.50	-1.74	-1.81	13.58	-10.29	1.71	1.65	7.22	2.57	5.07
EPS in Rs	0.55	-0.49	-1.13	-3.58	-1.13	-1.18	8.84	-6.70	1.11	1.07	4.70	1.67	3.30
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	415	398	407	508	594	463	503	729	766	663	648	784
	393	367	379	465	536	444	467	664	720	639	622	732
Operating Profit	22	31	28	43	59	19	36	66	46	24	25	52
OPM %	5%	8%	7%	8%	10%	4%	7%	9%	6%	4%	4%	7%
	2	2	1	2	4	5	1	7	9	3	19	6
Interest	16	16	15	17	22	22	23	18	17	17	17	14
Depreciation	14	16	17	18	22	27	24	20	20	23	24	23
Profit before tax	-6	1	-2	9	19	-25	-10	34	18	-13	4	22
Tax %	-35%	54%	-36%	32%	36%	-24%	-20%	24%	23%	-24%	19%	25%
	-4	0	-1	6	13	-19	-8	26	13	-10	3	16
EPS in Rs	-2.86	0.16	-0.99	4.12	8.19	-12.19	-5.00	16.78	8.78	-6.34	2.08	10.75
Dividend Payout %	0%	0%	0%	0%	6%	0%	0%	0%	0%	0%	0%	9%

Compounded Sales Growth
10 Years:	7%
5 Years:	9%
3 Years:	1%
TTM:	21%

Compounded Profit Growth
10 Years:	53%
5 Years:	33%
3 Years:	7%
TTM:	225%

Stock Price CAGR
10 Years:	10%
5 Years:	14%
3 Years:	0%
1 Year:	44%

Return on Equity
10 Years:	2%
5 Years:	5%
3 Years:	-2%
Last Year:	14%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	8	8	8	9	9	10	15	15	15	15
Reserves	63	63	59	70	80	70	65	98	105	95	98	116
	100	98	112	134	162	152	118	107	116	113	80	73
	125	99	112	154	170	143	192	189	171	162	172	197
Total Liabilities	295	268	291	366	420	374	384	404	407	385	364	401
	129	115	103	113	145	150	134	118	132	133	128	116
CWIP	2	3	2	2	10	2	1	1	2	5	2	4
Investments	0	0	0	0	0	0	0	0	1	1	1	1
	165	150	186	250	264	222	249	285	272	247	232	280
Total Assets	295	268	291	366	420	374	384	404	407	385	364	401

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	20	23	20	6	50	54	59	30	42	47	49	29
	-5	-7	-5	-21	-56	-29	-2	-5	-26	-13	2	-8
	-15	-16	-18	27	-5	-20	-57	-32	-3	-37	-51	-31
Net Cash Flow	-0	0	-3	12	-11	4	0	-7	13	-4	0	-10
Free Cash Flow	15	16	15	-15	-5	23	55	26	16	33	35	19
CFO/OP	93%	77%	66%	16%	100%	287%	166%	53%	102%	203%	189%	61%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	63	58	83	92	71	81	77	72	58	64	55	53
Inventory Days	120	112	123	119	125	120	133	89	89	84	99	89
Days Payable	178	148	175	181	155	167	229	148	118	124	135	132
Cash Conversion Cycle	6	22	31	30	41	33	-20	13	30	24	19	11
Working Capital Days	-8	4	1	32	11	12	10	28	34	21	16	19
ROCE %	6%	10%	7%	13%	18%	-1%	6%	24%	15%	2%	2%	18%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Exports
INR Million

x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
		xx		xx	xx	xx	xx	xx	xx	xx	xx
		xx		xx	xx	xx	xx	xx	xx	xx	xx
		x		xx	xx	xx	xx	xx	xx	xx	xx

Please log in to see hidden values.

Permanent Employees
Number

Sales Mix - Agricultural Machinery (Tractors)
%

Sales Mix - Commercial Vehicles
%

Sales Mix - Construction Equipment
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	55.32%	55.32%	55.32%	55.32%	55.32%	55.32%	55.32%	55.32%	55.32%	55.32%	55.33%	55.33%
	1.45%	1.23%	1.23%	1.31%	1.27%	1.25%	1.23%	1.26%	1.23%	1.23%	1.39%	1.41%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	43.19%	43.42%	43.42%	43.34%	43.37%	43.39%	43.42%	43.39%	43.41%	43.42%	43.26%	43.23%
No. of Shareholders	25,140	24,976	24,492	24,813	25,083	24,958	24,884	24,763	24,597	25,976	24,160	23,212

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	52.98%	54.85%	54.85%	55.32%	55.32%	55.32%	55.32%	55.32%	55.32%	55.33%
	0.00%	0.16%	0.00%	0.00%	0.00%	1.51%	1.27%	1.31%	1.26%	1.41%
	0.08%	0.24%	0.18%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	46.94%	44.75%	44.97%	44.65%	44.65%	43.14%	43.37%	43.34%	43.39%	43.23%
No. of Shareholders	13,250	12,058	12,286	12,675	13,104	16,324	25,919	24,813	24,763	23,212

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Bharat Gears Ltd

Bharat Gears Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings